Re: Ignition Switch Issues
Marines were originally a part of the Navy---Hence the term "Marine."
But anyway, your 72 Chrysler does not use the two "M" magneto terminals.
Under the dash, from the engine multi wire cable, YELLOW goes to the "S" start terminal. Green goes to the "C" choke terminal, Red goes the the "B" battery terminal, and Blue goes to the "I" ignition terminal. The overheat indicator has one wire connected to the "I" terminal also. The other wire from the overheat indicator connects to the orange wire. Since the two "M" terminals do not connect with anything else in the switch, It is acceptable to terminate the second wire from the overheat indicator and the orange wire to the SAME terminal for convenience and to keep them from flopping around under the dash. IMPORTANT: If you do this be sure that the other "M" terminal is insulated and not used. When the ignition switch is off, the two "M" terminals are connected to each other (in continuity). Some schematics show the white tach wire connected to an "M" terminal but I prefer to keep tach signal away from the ignition switch.
I don't really pay attention to engine years but I think your 1972 has electronic ignition fired by points. If this is the case, At the engine terminal board the wiring is this:
FROM THE TOP:
Yellow-----Start
Purple-----connected to terminal but not used.
White----- Tachometer connection.
Green-----Choke
Orange----Overheat indicator circuit
Red-------Battery
Blue-------Power to CD box.
Black -----Ground
All wires in the engine cable connect like color to like color.
"I" terminal on the switch is a switched terminal and supplies power to engine ignition and accessories (gauges and overheat indicator) only when the switch is in the run or on position. When you turn off the switch, "I" terminal has no power, no voltage goes to the CD box and the engine stops for no spark.
Now, I don't believe it does, but if your engine has battery, points, and coil ignition, the blue wire supplies power to the positive side of the coil which the points switch on and off through the negative side.
If the engine is not cranking you need to check that the neutral interlock switch--A brown switch with a white button connected either on the distributor or below the bottom carb-- Is properly adjusted and the button is being depressed in neutral. Depressing the button allws voltage to energise the solenoid and fire the starter motor. Sometimes with old engines, the cables are sloppy and when the control handle is returned to neutral, the linkage does not depress the button--Jiggle the control through forward and reverse and then re-try to start.